Banco Santander, S.A. (SAN) Is A European Bank That’s Not A Loser, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Commented On Latest Tariffs. Banco Santander, S.A. (NYSE:SAN) is one of the stocks Jim Cramer recently discussed.

Banco Santander, S.A. (NYSE:SAN) is one of Cramer’s favorite European and banking stocks. The shares have gained 89% year-to-date, and the CNBC host had started to express his optimism in January, well before the recent share price movement. Banco Santander, S.A. (NYSE:SAN)’s stock has benefited from an overall growing interest in European markets due to uncertainty in America and from strong earnings. Cramer’s previous comments have praised the firm’s Ana Botin, and he kept the praise this time too:

“Okay so David, there’s another bank, European bank, not a loser. . . .Banco Santander, Ana Botin, stock’s up 88%. Uh Jamie’s up 20%. Well, which would you rather own?

“[On whether he continued to be positive on the stock despite nearly 90% in gains] Cause she’s reinvented the bank. She just went really big into the UK, she’s making these small acquisitions. Look it’s a 127 billion dollar market cap, it dominates in all parts of Latin America, no one talks about it, it’s been a huge home run and you got a great yield. And I just think that Spain, I should tell you that Spain is not necessarily the most capitalist of countries, but I don’t think she’s a loser. I think Jamie Dimon should have asterisked it.”

A view of a large corporate office building, illuminated at night to show its power and reach.

Earlier, he shed light on some of the driving factors behind the shares:

“Long time Cramer fave, Banco Santander, which is the second-best performing in the index (IBEX 35), up almost 52% for the year. Hey, by the way, Santander’s American Deposit Receipts, SAN for you home gamers, are up almost 50% since we last spoke to Executive Chair Ana Botín back in October. Due to an embrace of technology and a knowledge of the consumer worldwide, Botín has built a powerhouse that’s the envy of Europe. They just did a really smart transaction in Poland last week… Many reasons I’m partial to Santander, symbol, SAN.”

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Disclosure: None. This article is originally published at Insider Monkey.